D&O Excess Layer 1
This tender has been awarded
Awarded to AIG Europe S.A., Direktion für Deutschland; XL Insurance Company SE, Diretktion für Deutschland; Berkshire Hathaway International insurance — €48,500
About This Opportunity
D&O-Exzedent Layer 1 — services contract awarded in Germany by NBank. Awarded to AIG Europe S.A., Direktion für (EUR 48K, Apr 2026).
This is a services contract in the finance and banking sector. Located in Germany, Europe, this opportunity is open to firms and consortiums, with an estimated budget of EUR 4.
Published through TED - Tenders Electronic Daily (EU), a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
Auto-translated from GermanThe insurer provides insurance cover in the event that insured persons are held liable for financial loss due to a breach of duty committed while performing the insured activity. The excess insurances advertised here are intended to follow an underlying contract with a sum insured of EUR 10 million each. The excess insurances are intended to provide insurance cover in the following form according to the regulations of the underlying contract and a drop down via a corresponding excess wording. The coverage structure should be as follows: Existing underlying contract (D&O insurance): EUR 10 million Lot 1: EUR 10 million xs. EUR 10 million (Layer 1) Lot 2: EUR 10 million xs. EUR 20 million (Layer 2) Lot 3: EUR 10 million xs. EUR 30 million (Layer 3) Total sum insured (existing underlying contract, Layer 1, Layer 2, Layer 3): EUR 40 million Contract details can be found in the documents "Policy of the underlying contract with special conditions", "Conditions underlying contract (2025 DUAL-Funk ManagementSecure)" and "Funk D&O-Excess Wording" from the appendix.
Data provenance
This notice is sourced from TED - Tenders Electronic Daily (EU) and was originally published on May 5, 2026. Last refreshed 87 days ago. Original language: German. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About NBank
NBank has issued 27 procurement notices on BidsFactory, including 2 currently open and 19 awarded contracts. Activity concentrates in Information & Communication Technology, Finance & Banking, and General Supplies & Services. All notices are published for Germany. Notices are distributed via TED - Tenders Electronic Daily (EU), DÖE Bekanntmachungsservice (Germany), and service.bund.de (Germany). Most recent publication: September 9, 2026.
Frequently asked questions about this tender
Is this tender still open?
No — the contract has already been awarded to AIG Europe S.A., Direktion für Deutschland; XL Insurance Company SE, Diretktion für Deutschland; Berkshire Hathaway International insurance. The award notice is archived on BidsFactory for transparency and market intelligence.
Who is the contracting authority?
This notice was issued by NBank in Germany. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
How much was the contract awarded for?
AIG Europe S.A., Direktion für Deutschland; XL Insurance Company SE, Diretktion für Deutschland; Berkshire Hathaway International insurance was awarded the contract for €48,500. The figure reflects the value disclosed by the contracting authority in the award notice.
Where will the contract be performed?
The contract is for delivery in Germany. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit TED - Tenders Electronic Daily (EU) to access the full notice, required documents, and submission instructions provided by the contracting authority.
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